Marotta Asset Management, Inc. (Charlottesville)

Name: Marotta Asset Management, Inc.
Address: 1000 Ednam Center, Charlottesville, VA, 22903 4615
Telephone: 434-244-0000

Marotta Asset Management, Inc. is a large advisory firm based in Charlottesville. It manages $365.54 million of regulatory assets for 1,269 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Florida, Georgia, and 7 other states.

Marotta Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Marotta Asset Management: assets under management

The assets under management (AUM) of Marotta Asset Management, Inc. is $365.54 million. The firm's AUM has grown by 964% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $351.26 million in discretionary accounts and $14.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $292.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $210.1 thousand.

Marotta Asset Management has custody of $240.74 million in cash and securities for 502 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is investment and business development companies, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marotta Asset Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David John Marotta serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of David John Marotta is high net worth individuals with 111 clients and $304.82 million of assets under management. Among the 8 most similar advisory firms, Marotta Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $365.54 million for 283 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Marotta Asset Management doesn't advise any private funds.

Careers at Marotta Asset Management, Inc.

The company employs 12 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David John Marotta has been acting as President since 1 Jul 2000. George Raymond Marotta joined the executive team most recently as the Secretary/Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David John Marotta	President/chief compliance officer	1 Jul 2000	75% - 100%	3120641
George Raymond Marotta	Secretary/treasurer	1 Jul 2000	Other	1908512

Based in Charlottesville

The principal office where Marotta Asset Management, Inc. performs its advisory services is located at 1000 Ednam Center, Charlottesville, VA 22903 4615, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 434-244-0000 or by fax 866-225-4205. The normal business hours are 9am-4pm on Monday - Friday. You can find more information about the New York firm at emarotta.com.